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2927 Madera Ave Oakland, CA 94619

3 Beds 2 Baths 1,248 sqft Built 1922

INVESTimate

$849,000

List Price

$2,900

$2,650 - $3,150

Rent Est.

$956,738  ( +12.69%)   1 YR EST. FORECAST

PROPERTY INFO

August 21, 2020 RECENTLY ADDED
FACTS
  • Built In 1922
  • Price/Sqft : $680.29
  • 7 Days on Market
  • MLS # : EB40917561
  • Updated Date : 08/23/2020 at 11:22
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,248 sqft
  • Baths : 2 full
Listing Agent

Community Realty & Investments

Listing Agent's Description

WOW! **MAXWELL PARK ** Move-In Ready! Just Finished Updating! Kitchen, Bathrooms, Windows, Electrical, Lighting, Plumbing, Floors, Roof, and much more!. 1 Car Garage & Long Driveway, Back Yard with Fruit Tree. Good Size Basement for Storage or Other Possible Uses. Views from Living Room and Front Porch.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Maxwell Park

NeighborhoodNIR Market*CityMarket2010Year20002019300k400k500k600k700k800k900k1000kPrice in $243k1015k

* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR

Neighborhood: Maxwell Park

NeighborhoodNIR Market*CityMarket2010Year20012019 Q21600180020002200240026002800300032003400Rent in $14083490

* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR

SCHOOLS

NAME EDUCATIONAL LEVEL SCHOOL TYPE # OF STUDENTS # OF TEACHERS GREATSCHOOLS RATING
Chabot Elementary School Primary Regular 573 22 10
Hillcrest Elementary School Middle Regular 359 15 10
Oakland High School High Regular 1,515 67 5

Chabot Elementary School

  • Education Level: Primary
  • # of students: 573
  • # of teachers: 22
10
GreatSchools Rating

Hillcrest Elementary School

  • Education Level: Middle
  • # of students: 359
  • # of teachers: 15
10
GreatSchools Rating

Oakland High School

  • Education Level: High
  • # of students: 1,515
  • # of teachers: 67
5
GreatSchools Rating
 

$764,100$933,900$849,000

PURCHASE PRICE

$2,610$3,190$2,900

RENT

DOWN PAYMENT
FINANCING

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$500k$1.0M$1.5M$2.0M$2.5M$3.0M

PROJECTED ANNUAL CASH FLOW

11530-$25k-$20k-$15k-$10k-$5.0k$0.0$5.0k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$500k$1.0M$1.5M$2.0M$2.5M$3.0M

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,900
EXPENSES Loan Payment -$3,132
Property Tax -$1,033
Property Insurance -$57
Property Management Fees -$149
CASH FLOW
-$1,472

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 13% of earned rent to cover both maintenance and periods of vacancy.

$849,000

PROJECTED PRICE

$2,900

PROJECTED RENT

0.34%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 5.00%
Appreciation Year (1-5) 12.69%
Maintenance Year (1-5) 8.00%
Vacancy 4.60%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$230,735

INVESTMENT

$230,735

Down Payment
$212,250
Rehab Estimate
$5,750
Closing Costs
$12,735

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 75% down payment or higher enables the proceeds from the asset to cover all costs.

$3,132

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $212,250
Loan Amount $636,750
See What Happens When You Reinvest Cash Flow

0.17

YEARS SAVED

$90

INTEREST SAVED

CASH FLOW REINVESTMENT

The time & interest saved by applying each month's positive cash flow towards loan principal pay down.

  • $2,900

    LIST RENT
  • $2.32

    LIST RENT PER SQFT
  • $3,124

    COMP ESTIMATED VALUE
  • $2.5

    COMP AVG. RENT PER SQFT
Comps Range
$2,850
1$2,8502$2,9003$3,0004$3,000
$3,000
RENT COMPS ANALYSIS
  • 2927 Madera Ave Oakland, 2
    • 3 beds 2 baths ∙ 1,248 Sqft ∙ Built 1922 3 beds 2 baths ∙ 1,248 Sqft ∙ Built 1922
    • Rent
    • Rent Per SQFT
    •  
    • $2,900
    • $2.32
    •  
  • 2836 23rd Avenue Oakland, 1
    • 3 beds 1 baths ∙ 1,150 Sqft ∙ Built 1914 3 beds 1 baths ∙ 1,150 Sqft ∙ Built 1914
    LEASED 08/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,850
    • $2.48
    •  
  • 7600 Deerwood Ave Oakland, 3
    • 3 beds 2 baths ∙ 1,185 Sqft ∙ Built 1941 3 beds 2 baths ∙ 1,185 Sqft ∙ Built 1941
    LEASED 04/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,000
    • $2.53
    •  
  • 5546 E 16th St Oakland, 4
    • 3 beds 2 baths ∙ 1,200 Sqft ∙ Built 1914 3 beds 2 baths ∙ 1,200 Sqft ∙ Built 1914
    LEASED 07/19/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,000
    • $2.50
    •  
PROPERTY LISTING DETAILS
Erica Marr
Community Realty & Investments
BESbswy